Moody’s: Bolivia’s New Foreign Exchange Tax Is Credit Negative for Banks

From WSJ, by Arran Scott SINGAPORE–A move by Bolivia to tax foreign exchange transactions to enforce de-dollarization policies will undercut the credit health of local banks, Moody’s Investors Service said Monday. The Bolivian House of Representatives last Tuesday passed a bill to tax all foreign exchange transactions with a 0.7% levy for 36 months, Moody’sContinue reading “Moody’s: Bolivia’s New Foreign Exchange Tax Is Credit Negative for Banks”